A Routine Flight from LaGuardia Airport to Will Rogers Airport

question 67

True/False

A routine flight from LaGuardia Airport to Will Rogers Airport may have passengers that have paid radically different ticket prices. These prices fluctuate based on an approach called yield management.

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Definitions:

Canadian Firm

A business or company that is registered, operates, or is headquartered in Canada.

Subsidiary

A company that is controlled by another company, known as the parent company, often through a majority share of its stocks.

Exchange Rate

The price of one country’s currency in terms of another currency.

Inflation Rate

The tempo at which the universal price levels of goods and services advance, impairing the ability to buy.